Business
Centrus Reports First Quarter 2025 Results
Centrus Energy Corp. (NYSE American: LEU) ("Centrus" or the "Company") today reported first quarter 2025 results. The Company reported net income of $27.2 million for the three months ended March 31, 2025, which is $1.60 (basic and diluted) per common share.
About this update from Centrus Energy Corp.
[{"type":"list","items":[{"val":[{"type":"text","content":"Net income of $27.2 million on $73.1 million in revenue, compared to a net loss of $6.1 million on $43.7 million in revenue in Q1 2024","length":134,"tagName":"p"}]},{"val":[{"type":"text","content":"Retired our higher-interest rate debt (8.25% Notes) at a redemption price equal to the principal of $74.3 million plus any accrued and unpaid interest, resulting in a gain of $11.8 million in Q1 2025","length":199,"tagName":"p"}]},{"val":[{"type":"text","content":"Consolidated cash balance of $653.0 million as of March 31, 2025","length":64,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":397,"olType":false},{"type":"text","content":"BETHESDA, Md., May 7, 2025 /PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) ("Centrus" or the "Company") today reported first quarter 2025 results. The Company reported net income of $27.2 million for the three months ended March 31, 2025, which is $1.60 (basic and diluted) per common share.","length":326,"tagName":"p"},{"type":"image","alt":"Centrus Energy Corp., Bethesda, MD (PRNewsfoto/Centrus Energy Corp.)","displaySize":"","headline":null,"caption":"Centrus Energy Corp., Bethesda, MD (PRNewsfoto/Centrus Energy Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":222,"url":"https://media.zenfs.com/en/prnewswire.com/e4fc9149a758ca924bec7ef103022506"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ODHt6U81u08FuSLuuFC4vQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/e4fc9149a758ca924bec7ef103022506","width":400,"height":222}},"href":"https://mma.prnewswire.com/media/840946/Centrus_Energy__Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""This was a strong first quarter for Centrus as we delivered robust financial results," said Centrus President and CEO Amir Vexler. "Our operations have not been impacted by tariffs, and we are well positioned to execute on our expansion plans once federal funding decisions are made. We are confident in our compelling investment case for the $3.4 billion in funding that Congress has provided to jumpstart domestic nuclear fuel production. Centrus is the only company currently enriching uranium with U.S.-owned, U.S.-origin technology backed by an American supply ch...